Qatar refused Canary Warf bid again, crisis in financial regulation and oil price down

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Qatar refused Canary Warf bid again, crisis in financial regulation and oil price down
5th December 2014

Qatar give a revised bid for the Canary Warf Estate.

First they bid £2,2 million and got told where to go, now it’d happened for a second time after a revised bid of £2.6 million, but still Qatar haven’t won the ownership of the City hub, Canary Warf.

The Canadian owner Songbird says has refused the second bid, but the irony of the potential deal is that Qatar actually owns 28 per cent of the company that is rejecting them.

The Qatari’s already own The Shard, Chelsea Barracks, HSBC’s headquarters and Harrods.

Crisis in Financial regulation

The director of supervision of financial firms is expected to quit as a report is to be released showing the mishandling of financial data.

Clive Anderson, who was on a £364,000 a year, has stepped down ahead of results showing sensitive market data was handled badly.

Oil prices go down

Oil prices have fallen to $70 a barrel, proving that the market price of oil has been dropping.

An impact has been seen around the world in different currencies.

This may mean that drivers will see a small difference in price at the pumps.

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